The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
U.S. stock index futures dipped Friday as mounting concerns of a potential government shutdown weighed on global markets.
On the economic front, household spending ticked up 0.3 percent in August, according to the Commerce Department.
The consumer sentiment index will be reported at 9:55 am ET.
Budget spending must be agreed by Congress before October 1, next Tuesday, to prevent a government shutdown which could involve federal employees facing unpaid temporary leave and a delay in the payment of military personnel. Most analysts expect a deal to be reached, even if it is at the last minute, since lawmakers are unlikely to want to risk any fallout at the 2014 Congressional elections.
The Senate will vote on Friday on a stop-gap spending bill which will exclude the healthcare defunding provision that was passed in the House of Representatives, which will essentially mean the bill going back to the House in its changed format for further consideration.
"A shutdown of a few days would probably have little impact (although perhaps no non-farm payrolls report next Friday!) but of course the longer the shutdown the more negative it becomes. For sure, the uncertainty and the debt ceiling aspect is probably already causing delays to business decisions. Given the perception in the U.S. that the Republicans are more to blame for congressional gridlock we expect them to blink first," said Bank of Tokyo-Mitsubishi's Derek Halpenny in a research note.
The pullback came after gains in the U.S. overnight. Major benchmarks managed to snap a five-day losing streak, with sentiment boosted by positive economic data and reassurances from Republicans that they would not cause the government to shut down over the debt battle.
Meanwhile, the debt ceiling must also be extended to allow the Treasury to continue borrowing money and honor its debt repayments.
Reuters reported on Wednesday that Senior Republican Jeff Sessions said there would be no shutdown or government default. House speaker John Boehner said a Republican proposal was coming that would tie federal government spending cuts to a U.S. debt limit increase.
(Read more: Brawl in US Congress—should the world care?)
BlackBerry posted a quarterly loss of nearly $1 billion, as previously warned, which included a writedown for unsold Z10 smartphones, the company's latest device that the firm had hoped would reverse its struggling business. Earlier this week, BlackBerry signed a tentative $9-a-share agreement to be acquired by a consortium led by Fairfax Financial, its largest shareholder.
(Read more: Canada's Harper suggests BlackBerry deal review)
—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
On Tap This Week:
FRIDAY: Consumer sentiment, Fed's Dudley speaks, farm prices
What's Trending on CNBC.com: